The only way they can pass this bill, is by creating and sustaining a panic atmosphere. That atmosphere is not justified. Many of us were told in private conversations that if we voted against this bill on Monday, that the sky would fall, the market would drop 2 or 3 thousand points the first day, another couple of thousand points the second day,
and a few members were even told there would be martial law in America if we voted no. That's what I call fear mongering, unjustified, proven wrong. We've got a week, we've got two weeks to write a good bill. The only way to write, to pass a bad bill? Keep the pressure on.
The context of the clip indicates that members of congress were told of martial law before the vote failed on Monday.
The LA Times reported on the story.
"The one thing that's been proven is the absolute fear mongering that's being used to drive us is false," Sherman complained. "I've seen members turn to each other and say, 'If we don't pass this bill, we're going to have martial law in the United States.' "
It's not clear at this time if this quote is attributed to his speech on the House floor, or a separate interview with the LA Times. If it is taken from his speech, it's a misquote. He didn't say members were discussing martial law amongst themselves, he said they were told it was coming if they didn't pass this bill. (A notion that has proven false so far.) If it's a separate interview with the Times, then it is a contradiction of what he said in his speech. So which is it?